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PRIME DEVELOPMENT LAND IN FAERIE GLEN FOR SALE
R 12,500,000
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General Details
Location:
For Sale By:Agency
Description
Exceptional Residential Development Opportunity in a Prime Location
Unlock the potential of this prime development land encompassing a generous 2,434 square meters, boasting approved zoning for Residential 4.
This strategic location paves the way for an exclusive residential project that offers a multitude of possibilities for visionary developers.
Key Features:
• Approved Zoning for Residential 4: The property comes with the
coveted Residential 4 zoning, allowing for the construction of a 4-
storey building. This zoning facilitates the creation of 44 spacious flats,
each with an impressive 55.3 square meters of living space.
• Flexibility in Design: As a developer, you have the creative freedom to
adapt the project to your specific preferences. Should you choose to
go for a more upmarket development, the zoning allows for a 3-storey
building with 33 luxury flats, which can significantly reduce bulk service
costs.
• Convenient Location: Nestled in close proximity to the Faerie Glen
Pick & Pay Hypermarket and Atterbury Value Mart, this location offers
convenience and accessibility for future residents.
• Bulk Services: While bulk services are not included, the prospective
purchaser/developer can plan for these at an estimated cost of
R1,200,000. This expense ensures that all essential services are
efficiently provided.
• Water Supply: An additional waterpipe installation is required but
provides a valuable resource for the development. Additionally, a
borehole on-site offers further water supply options.
• Fiber-Ready: The property is equipped with a 250GB Fiber line,
ensuring residents have access to high-speed internet and modern
amenities.
• Demolition: Two existing houses on the property will need to be
demolished to make way for the new project, streamlining the
development process.
Confidential Information: Further details regarding this lucrative opportunity will be disclosed upon the signing of a Non-Disclosure Agreement (NDA).
For inquiries and to take the next step in realizing this remarkable venture, please contact Ronnie.
Don't miss out on this exceptional opportunity to shape the future of residential living in this highly sought-after location. Contact Ronnie today for more information and to begin your journey toward a visionary development project.
Property Reference #: 2063866
Agent Details:
Ronnie & Elaine Smyth
Karis Properties
553 Jacqueline Drive,
Garsfontein,
Pretoria East,
0042
Constantia Park
181
Unlock the potential of this prime development land encompassing a generous 2,434 square meters, boasting approved zoning for Residential 4.
This strategic location paves the way for an exclusive residential project that offers a multitude of possibilities for visionary developers.
Key Features:
• Approved Zoning for Residential 4: The property comes with the
coveted Residential 4 zoning, allowing for the construction of a 4-
storey building. This zoning facilitates the creation of 44 spacious flats,
each with an impressive 55.3 square meters of living space.
• Flexibility in Design: As a developer, you have the creative freedom to
adapt the project to your specific preferences. Should you choose to
go for a more upmarket development, the zoning allows for a 3-storey
building with 33 luxury flats, which can significantly reduce bulk service
costs.
• Convenient Location: Nestled in close proximity to the Faerie Glen
Pick & Pay Hypermarket and Atterbury Value Mart, this location offers
convenience and accessibility for future residents.
• Bulk Services: While bulk services are not included, the prospective
purchaser/developer can plan for these at an estimated cost of
R1,200,000. This expense ensures that all essential services are
efficiently provided.
• Water Supply: An additional waterpipe installation is required but
provides a valuable resource for the development. Additionally, a
borehole on-site offers further water supply options.
• Fiber-Ready: The property is equipped with a 250GB Fiber line,
ensuring residents have access to high-speed internet and modern
amenities.
• Demolition: Two existing houses on the property will need to be
demolished to make way for the new project, streamlining the
development process.
Confidential Information: Further details regarding this lucrative opportunity will be disclosed upon the signing of a Non-Disclosure Agreement (NDA).
For inquiries and to take the next step in realizing this remarkable venture, please contact Ronnie.
Don't miss out on this exceptional opportunity to shape the future of residential living in this highly sought-after location. Contact Ronnie today for more information and to begin your journey toward a visionary development project.
Property Reference #: 2063866
Agent Details:
Ronnie & Elaine Smyth
Karis Properties
553 Jacqueline Drive,
Garsfontein,
Pretoria East,
0042
Constantia Park
181
Id Subtitle 1252382870
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Estimated monthly repaymentR 135,464
Total property loan amountR 12,500,000
Total interestR 20,011,212
Total repaymentR 32,511,212
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Karis Properties
Selling for 5+ years
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